Norges Bank study: regional network is supplying useful information

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Information supplied by Norges Bank’s regional contacts tends to be better at predicting GDP than other business surveys, house prices or equity prices, according to a study by the central bank, published today (June 26).

Norges Bank maintains a network of around 1,500 contacts in businesses, local authorities and other bodies across Norway, and it interviews them regularly to gather both qualitative and quantitative information on the economy.

The study finds the network was particularly good

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